We refer to the announcements dated 2 February 2018 and 3 December 2018 in relation to the Proposed Disposal (“Announcements”). Unless otherwise stated, all abbreviations used herein shall have the same meaning as those used in the Announcements.

The Board of Directors of MAHB wishes to announce that the SPA has been automatically terminated due to failure of the Purchaser to complete their obligation in accordance with the terms of the SPA by 31 December 2018. Therefore, MAHB and MAHB (Mauritius) Private Limited shall remain as shareholders of GHIAL accordingly.